Janney Montgomery Scott LLC Grows Stock Holdings in ACI Worldwide, Inc. (NASDAQ:ACIW)

Janney Montgomery Scott LLC increased its holdings in ACI Worldwide, Inc. (NASDAQ:ACIW - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,218 shares of the technology company's stock after purchasing an additional 6,602 shares during the quarter. Janney Montgomery Scott LLC's holdings in ACI Worldwide were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in ACI Worldwide by 1.3% in the 3rd quarter. State Street Corp now owns 4,455,864 shares of the technology company's stock worth $226,803,000 after purchasing an additional 56,919 shares during the period. Geode Capital Management LLC raised its position in ACI Worldwide by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,502,628 shares of the technology company's stock worth $127,407,000 after purchasing an additional 31,561 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of ACI Worldwide by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,389,734 shares of the technology company's stock valued at $70,737,000 after acquiring an additional 33,408 shares during the period. Assenagon Asset Management S.A. increased its position in shares of ACI Worldwide by 144.1% in the third quarter. Assenagon Asset Management S.A. now owns 482,740 shares of the technology company's stock valued at $24,571,000 after acquiring an additional 285,001 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of ACI Worldwide by 32.7% in the third quarter. Fisher Asset Management LLC now owns 462,971 shares of the technology company's stock valued at $23,565,000 after acquiring an additional 114,085 shares during the period. Hedge funds and other institutional investors own 94.74% of the company's stock.

Insider Activity

In related news, Director Adalio T. Sanchez sold 1,200 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.28, for a total transaction of $68,736.00. Following the sale, the director now owns 43,272 shares of the company's stock, valued at $2,478,620.16. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Abraham Kuruvilla sold 5,400 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $55.71, for a total transaction of $300,834.00. Following the sale, the chief technology officer now directly owns 81,107 shares in the company, valued at $4,518,470.97. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

ACI Worldwide Trading Down 2.1 %

Shares of ACIW traded down $1.14 during trading hours on Friday, reaching $52.89. 564,591 shares of the company traded hands, compared to its average volume of 626,715. The company's fifty day moving average price is $53.43 and its two-hundred day moving average price is $51.24. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 25.07 and a beta of 1.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. ACI Worldwide, Inc. has a 12 month low of $28.93 and a 12 month high of $59.71.

Analyst Upgrades and Downgrades

ACIW has been the topic of a number of analyst reports. Stephens cut shares of ACI Worldwide from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 18th. DA Davidson cut shares of ACI Worldwide from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $57.00 to $60.00 in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ACI Worldwide currently has an average rating of "Hold" and an average price target of $49.50.

ACI Worldwide Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.